BermudAir Bets Big on Crypto—Will Accept Stablecoins for Flights by 2025
BermudAir just cut the middleman—starting 2025, passengers can pay for flights in stablecoins. No bank delays, no forex fees—just seamless crypto transactions.
Why it matters: The airline joins a growing list of businesses ditching traditional payment rails for blockchain efficiency. Even if Wall Street still thinks ’stablecoins’ are just a hedge fund playground.
Watch this space: If Bermuda’s regulatory sandbox keeps attracting fintech players, your next boarding pass might come with a side of DeFi.
Zero Hash predicts mass adoption of stablecoins as the alternative payment method
Meanwhile, the infrastructure partner, Zero Hash, believes stablecoins will soon be used in everyday transactions. The company, a major crypto infrastructure provider, believes the numbers support this potential.
It noted that almost 750 million people have used stablecoins and crypto over the last two years through fintech platforms such as Robinhood, NuBank, Stripe, Revolut, and co., while stablecoins have seen $3.3 trillion in volume in just 30 days.
The company further identified the travel industry as one of the best sectors to lead stablecoin adoption, highlighting how the industry has always embraced financial innovations before other industries.
The founder of Zero Hash, Edward Woodford, said:
“This partnership with BermudAir exemplifies the convergence of digital finance innovation. By leveraging our stablecoin payments infrastructure, BermudAir can deliver the seamless payments and global accessibility that customers expect in the future of travel.”
While BermudAir might be the first airline to start accepting stablecoins, some travel platforms already allow crypto. One key example is the holiday website Travala.com, which accepts several crypto assets, including Bitcoin, Ethereum, and several others.
Stablecoin adoption growing even legislation hits roadblock
BermudAir’s planned adoption of stablecoin payments only highlights the broader trend of adoption that has enabled the stablecoin market cap to reach $242.85 billion. The ease of using stablecoins and their access to fiat currencies such as the US Dollar and Euro has made them one of the most acceptable crypto products globally.
While many use them for transactions and payments, they have also become a way for people in developing economies to save in USD and hedge against inflation.
The growth remains in full force, with Stripe recently launching Stablecoin Financial Accounts, a product that allows businesses in over 100 countries to send and receive stablecoins. The new feature came a few months after Stripe had paid $1 billion to acquire the stablecoin payment platform Bridge.
Meanwhile, Meta is also reportedly considering the integration of stablecoins into its payment platforms. According to Fortune, the company that tried its hands at stablecoins with project Libra in 2019 is currently discussing with several stablecoin issuers how to integrate stablecoins.
Despite all the developments around stablecoins, there is still no regulation for the US sector, and recent efforts hit a roadblock on Thursday after several pro-crypto Democrats voted against cloture. Their decision means the Stablecoin bill remains on the floor of the Senate for debate and cannot advance to a full vote. It is still unclear what will happen next for the proposed legislation.
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